WSJ: Scotts Exploring Medical Marijuana Market

Scotts Miracle-Gro relies on Home Depot, Lowe’s and Walmart for nearly two-thirds of its revenue. But because consumers are still cautious about spending and, consequently, because the three box stores are not building stores at the rate they were several years ago, Scotts is exploring new markets to generate sales.

Markets like medical marijuana.

In a Wall Street Journal (WSJ) article published June 14, Scotts CEO Jim Hagedorn says he wants “to target the pot market,” and other niche markets to boost his company’s sales.

To target marijuana growers, WSJ indicates Scotts would buy niche dirt companies that already exist rather than create its own line of branded products.

Learn more about Scotts online at Scotts.com.

Leave a Reply

18 comments on “WSJ: Scotts Exploring Medical Marijuana Market

  1. Maybe Mr Hagedorn does not realize that he “sold” the professional use portion of his business and what he would be allowed to sell to is homeowners and that violates Federal Law.

  2. grasping at straws are we? this is no new market and has much different players, some of which are criminals. it is certainly not a very large market when compared with commercial production of ornamentals and home gardening comsumption. perhaps he is using medicinally himself?!

  3. The mainstream garden supply industry has lustfully looked upon the “alternative” garden supply industry with jealous hopes of someday edging in on the action. With the mj growers standing in line at the “alternative” garden supply stores with wads of hundred dollar bills in their hands, waiting to hand it over to cashiers for drip irrigation, gourmet soil blends, specialty fertilizers, etc., it was only a matter of time before companies like Scotts/Miracle Gro got in on the action. Once they do, all the mainstream companies will too. Money talks in this economic recession, and moral or legal objections get pushed to the wayside.

  4. Hey been there done that,
    Marijuana cultivation is the largest by far agricultural crop in America. In 1985 (26 years ago!!), the University of Oregon Graduate School of Economics did a study of only Oregon’s cannabis crop and it was worth over a billion dollars back then. That was more than some of Oregon’s top ag crops combined! Today, it is anyone’s guess how many multiple billions of dollars Oregon’s crop is worth. Nationwide, estimates place the value of America’s crop at over a 100 billion dollars. And whether you like it or not, that money is what is keeping local economies afloat nationwide in today’s economic downturn. So you can badmouth it all you want but those dollars are flowing through your accounting books daily. And when that cash is counted from the till at the end of the day, I don’t think many manufacturers, wholesalers or retailers will be complaining as cannabis growers’ money is the majority of that cash. Or are you one of those do gooders that is willing to shoot yourself in the foot?

  5. I agree, This is a market which would benift many of us in our industry. If the Federal Goverment would just legalize it for medical use that would be a start. I am not a consumer but I believe it would greatly benifit our industry and maybe solve our tax problems.

  6. Our “Tax” problems as you put it, are the fault of Congress and Administrations drunk with power. Unless they are put back under the constraints of the People, no tax issues and other issues will be solved.Selling “legalized” pot or not.

  7. Years ago, it was rumored that the tobacco companies were researching the possibility that pot would be legalized and already had brand names picked out. Now this may only be a bit of Urban Legend, but here’s one that Scotts could use.

    “Miracle Glo”

  8. Just an fyi marijuana has many more uses than just medicinal. Like hemp fibers for textiles and paper for examples. I personally believe they don’t talk about the other uses that often because it’s not as news worthy as say a bunch of potheads petitioning for medical uses. Fact of the matter is yes it will help the agricultural, farming, and horticultural industries plus many more if you really sit down and think about it.

    Look at it like porn, myself I do without it, but it has helped technology (video, internet, ect…) dramatically. We don’t need to like it but it does do some good. Relating it to medical reefer imagine what it could do to the hydroponic market. Especially if their grow practices were not illegal and the risk of even talking about it was taken away.

    People have a very ignorant understanding of pot. It’s just a fact. Alcohol is by far worse but much easier to tax. So it’s legal.

  9. Can’t disagree more with what Scotts is doing. I spent several years working at a drug and alcohol rehab center. I have seen enough messed up lives from drug addicts that got thier start with pot and now cost the US billions from crime control, destoyed families, lower worker productivity, health costs and other problems.
    As far as medical marijuana goes, a pharmacist friend told me that is a joke. There are other legal alternative drugs that will do the same thing as pot. The druggies do not want you to know about them.

  10. You wish you could grow cannabis and make the good $. I’m very glad that Scotts found a profitable market. GOOD FOR THEM!! .. DON’T BE JELOUS!

  11. The other legal alternative drugs that are used for pain, relief from chemotherapy side effects and inflammation are much more dangerous than marijuana and have led to approx. 5000% more deaths. And I totally agree with the earlier post that alcohol is far worse than marijuana on many levels. Hemp is a highly sustainable resource that does not need the mass quantities of pesticides that is necessary to grow cotton and is being used to manufacture fabrics, paper, shoes and cooking oil. Hemp is and was used to make some of the best nautical ropes. Marijuana and Hemp (2 different plants) growing should be legalized. And taxed !

  12. @ rehab center guy. You have been severely misinformed as well as your pharmacist friend. Remember, he/she is being informed by the leaders of the pharmaceutical industry. They don’t want to see something natural actually increase appetite for patients, relieve pain, and kill skin cancer cells. That would devastate their industry. And watch out for those “legal alternatives” as they are giving people seizures and are quickly being outlawed (with good reason). Talk about costing the country billions…the war on drugs. It’s over. There’s a bigger picture as to why so many people are hooked on drugs. I wish it was more transparent to the main-streamers. It’s hard to have empathy when you can’t relate. As far as Scott’s intentions, I hope they come out with something natural ans organic because the last thing a cancer patient needs is more EDTA chemicals racing through his/her body!

  13. Please do five minutes worth of Google research. You’ll find that at one time American Farmers were reuired to grow cannabis plants for the oil, fiber and seed which have literally thousands of uses. The plants themselves use little water, break up hard dirt and grow like the weeds they are. The medicinal uses are just as impressive, but don’t expect anyone in the 40 Billion/year pharma industry to tell you that.

  14. Who cares? One of our biggest problems as a nation, particularly on the west coast is that we are so intolerant of our different opinions. On this matter, no one is ‘right.’ At least these MJ growers are coming out of the shadows and paying taxes. There is a lot of cash moving through that industry; most suppliers are interested in taking some of the share.

  15. I wonder how retailers will feel – proudly selling the Scott’s branded product when Scott’s is associated with this initiative. And so blatantly!! It isn’t really our opinion that matters – it is the opinion of the retailer’s customer that really counts!

  16. I will definitely choose brands other than Scotts from here out. I will also be recommending other brands than Scotts in my growing seminars. It bothers me deeply that growers would live up to the expectations that many people have that companies think only about profits. I have never heard any one argue that marijuana is good for one’s health—even if it has undeniable medical benefits. An industry like ours markets itself as a “good for you” industry. Why tarnish that image among those opposed to medical marijuana and lose long term goodwill—and profits—in exchange for limited short term opportunity?

More From Media...

March 4, 2015

Nexus Corporation’s Cheryl Longtin Encourages Women To Seek Volunteer Leadership Opportunities

When Cheryl Longtin came to the horticulture business in 1994, she applied her experience in the automotive industry to promote the adoption of more technology in greenhouse production. Longtin says horticulture, with its rich family tradition, has long promoted women in the industry compared to other industries, but women in horticulture must continue to seek out opportunities to provide volunteer leadership in organizations that shape the future of the business.

Read More

March 4, 2015

Second Annual GreenhouseConnect Will Bring Growers and Suppliers Together in San Diego This October

Following a successful inaugural event in Tampa last fall, Greenhouse Grower has announced the dates of its second annual GreenhouseConnect: October 26-29, 2015. Representatives of an expected two dozen leading greenhouse operations from across the U.S. will join senior-level suppliers at Rancho Bernardo Inn in San Diego for several days of one-on-one strategic meetings, a growers-only roundtable, informational sessions and a variety of networking events.

Read More
cultivate'15 logo

March 4, 2015

Cultivate’15: AmericanHort Announces What’s New

In an industry that has seen major changes occurring at a fast pace, many industry professionals leave Cultivate with their heads spinning and no clear idea of how to regroup and strategize. Cultivate’15 is “Changing the Game.” As this year’s focus, Changing the Game will call your attention to the ways in which our industry has changed and your opportunities to compete successfully.

Read More
Latest Stories

December 2, 2014

Grow-Tech Announces BioStrate, Its Newest Hydroponic Gr…

Grow-Tech LLC recently announced the release of BioStrate Felt, a biobased textile specifically engineered for the growing of hydroponic microgreens and baby salad greens.

Read More

November 18, 2014

7 New Media And Light Products For Greenhouse Productio…

New media and light products cover a broad sweep of growing conditions.

Read More

October 27, 2014

Peat Moss May Be In Short Supply This Year

Adverse weather conditions in Canada have played havoc with the peat moss harvest.

Read More

September 24, 2014

Canadian Harvest Of Peat Moss Is Below Average For 2014

The harvest season has been challenging, according to the Canadian Sphagnum Peat Moss Association (CSPMA), with lower-than-expected harvest of peat moss across most production regions in Canada, due primarily to adverse weather conditions across the country.

Read More

July 23, 2014

Liming Requirements And pH Modification For Pine Wood C…

In the last of a four-article series highlighting the production and use of pine wood chips as aggregates in greenhouse substrates, the researchers found growers do not need to adjust their production practices when 20 percent pine wood chips are used as a perlite replacement.

Read More

May 14, 2014

How Pine Wood Chips In Substrates Affect Plant Growth R…

This is the second article of the four article series highlighting the production and use of pine wood chips as aggregates in greenhouse substrates.

Read More

April 3, 2014

The Processing And Properties Of Pine Wood Chips

In the first of a four article series highlighting the use of pine wood chips as alternative aggregates to perlite in greenhouse substrates, researchers from North Carolina State University discuss the processing and physical properties of pine wood chips.

Read More

April 3, 2014

Water And Media Are The Foundations Of Your Business: T…

Electrical conductivity (EC) and pH, as well as water alkalinity, have the biggest effects on nutrient availability. Learn how to keep track of them through three common methods for better monitoring in the greenhouse.

Read More
PlugEase from Acme Group

March 3, 2014

Acme Group Introduces PlugEase, A Line Of Recyclable Ag…

The Acme Group recently announced its new line of recyclable Agrifabrics and plant plug substrate, PlugEase. The products make recycling affordable for greenhouse growers, farmers and horticulturalists.

Read More
Emerald Coast Growers

February 26, 2014

Emerald Coast Growers Constructs New Soil Facility

Emerald Coast Growers has constructed a new, consolidated soil mixing facility to increase efficiency and allow for easier custom blending by crop.

Read More
Combination pH and EC meter. Photo courtesy of Hanna Instruments

February 5, 2014

Test Media pH And EC With The 2:1 Technique, Pour-Throu…

Avoid a buildup of soluble salts and create an environment most conducive to nutrient uptake with these three common media testing methods.

Read More
Fertiss Growing Medium from Oasis Grower Solutions

November 18, 2013

Three New Options For Growing Media

From special blends to mycorrhizae, here are some new options for growth media.

Read More

November 14, 2013

Growing Media: To Mix Or Not To Mix

Thinking about making your own growing mixes to lower costs? There are many things to consider before taking the plunge.

Read More
Berger Logo

November 1, 2013

Berger Acquires Beaver & Lafaille Peat Moss

Berger, a producer of growing mixes, has acquired Beaver Peat Moss & Lafaille Peat Moss, consolidating a long-standing relationship between the companies. The transaction is effective on November 1, 2013. Under the agreement, Serge Lafaille, Beaver & Lafaille Peat Moss’ president, will join Berger’s sales team in order to ensure an easy transition for his current customers. “I am proud to join Berger’s team; we have the same business and growing philosophy, as well as a relentless commitment to being close to our customers in order to offer them what they truly need,” Lafaille says. Berger and Beaver & Lafaille Peat Moss have been partners since 1986. “For Berger, this transaction is a natural evolution of the strong relationship we’ve created with Beaver & Lafaille Peat Moss throughout the past 27 years,” says Berger CEO Claudin Berger. Located in St-Modeste, Quebec, Berger provides growing media and peat moss to professional […]

Read More

August 19, 2013

Students Evaluate Bio Char In Soil

Horticulture students from Olds College in Alberta, Canada, are investigating the viability of using bio char as a soil additive for greenhouse-grown crops. The group includes Emily Stanley, Michael Templeton and Heather Hood. Olds has a very good horticulture program, and I graduated from the greenhouse program there in 1996. Because of my involvement in the program, the group approached me to be a mentor for the study. In this role, I had conference calls with the group every two weeks to discuss the status of the project and offer any insight from a professional grower’s perspective. Bio char is a product derived from a special burning process of organic matter with limited amounts of oxygen. This holds the carbon in the organic matter. When the process is finished, you have a bio char product that can be used as a soil amendment. The students conducted trials on tomatoes and […]

Read More

June 6, 2013

Pro-Mix Is Now On Social Media

Premier Tech Horticulture, which is among the North American leaders of peat moss-based growing media production and distribution, has recently announced the launch of its social media strategy, including the unveiling of its Pro-Mix Facebook, Twitter and YouTube pages for professional and amateur gardeners. Known as a customer-focused and market-driven company, Premier Tech Horticulture strongly believes that today, people are expecting constant interactive communication with brands. As a result, interacting and communicating with external audiences through both new and traditional media remain important elements. Now, with Pro-Mix, this dialogue will also take place online, via new social media platforms that are easy to access for everybody. “These Pro-Mix social media platforms (Twitter, Facebook, LinkedIn, Pinterest, blogs, wikis, YouTube, etc.) present us with unique opportunities to listen to our customers and stakeholders, but also to share with people our 20 years of experience, knowledge and expertise,” says Chantal Duchesneau, marketing and […]

Read More

June 5, 2013

Webinar: Coir Chunk Media – A Good Choice For Lon…

Coir Chunk Media–A Good Choice For Long-Term CropsTuesday, June 11 at 2 p.m. Eastern, 11 a.m. Pacific Click here to register for this webinar. Growing media manufacturers are looking for new components that can be added to their growing media to improve physical properties and address common problems that the grower and/or end user face. One such problem the homeowner experiences with peat-based growing medium in hanging baskets and long term-planters is that they are hard to re-wet with water after they have dried out. Join Horticulture Specialist Troy Buechel on Tuesday, June 11 at 2 p.m. Eastern, 11 a.m. Pacific for this informative webinar to learn how Premier Tech Horticulture is addressing this issue with a new growing medium called PRO-MIX HP-CC. This product contains a unique coir chunk that does not require a wetting agent to wet and helps to hold water while maintaining good air porosity. Find out […]

Read More

April 23, 2013

Premier’s PRO-MIX Marketing Equates Healthy Soil with H…

Professional growers and experienced gardeners have known it for ages: the secret to healthy plants and ultimately, great gardens, begins with excellent soil. Now, that knowledge is being adopted more widely by the average home gardener. To further that knowledge, Premier Tech Horticulture is promoting the idea of creating a $10 hole for a $1 plant using the eight growing mixes in the PRO-MIX line, formulated for a variety of gardening needs. “We’ve developed a variety of soil solutions from organic growing mixes and potting mixes to specialized planting mixes,” says Chantal Duchesneau, marketing and communications director for Premier Tech Horticulture. “Most of the mixes include an all-natural ingredient, MycoActive, a form of mycorrhizae that stimulates a plant’s root system to take up more nutrients and water to improve health and growth.” Two of the PRO-MIX products are: PRO-MIX Ultimate Garden Mix, which is suitable for outdoor plants and vegetables, […]

Read More